29 Apr 2015
EUR/JPY bullish trend might continue – Varengold
FXStreet (Barcelona) - The Varengold Bank Research Team expects EUR/JPY’s bullish move to continue as long as the pair remains within the uptrend channel.
Key Quotes
“Two weeks ago a trend reversal happened at the support line around 126.22 and lead to a bullish movement inside an upward trend channel. The MACD is still bullish therefore we estimate a continuation of the current trend as long as the pair does not drop out of the channel.”
“Support Levels around 129.283, 128.566, 126.220”
“Resistance Levels around 131.301”
Key Quotes
“Two weeks ago a trend reversal happened at the support line around 126.22 and lead to a bullish movement inside an upward trend channel. The MACD is still bullish therefore we estimate a continuation of the current trend as long as the pair does not drop out of the channel.”
“Support Levels around 129.283, 128.566, 126.220”
“Resistance Levels around 131.301”